8771 Asset Managers

Hargreaves Lansdown plc Period End 30 June 2011

Submitted by YWang on Thu, 2012-01-19 15:33
Hargreaves Lansdown plc Annual Report 2011
CR Monitor Issue: 
2012/0108
Company covered: 
Hargreaves Lansdown plc
Period End: 
30 June 2011
Report issued on 19 January 2011 did not identify any changes with significant impacts on the financial statements but covered the following practice issues:
Change
Cash and cash equivalents no longer included in fair value hierarchy disclosure.
Change
Separate disclosure of £3 million FSCS levy.
Change
Impact of change in tax rate disclosed.

Man Group plc Period End 31 March 2011

Submitted by YWang on Fri, 2011-10-28 11:14
Man Group plc Annual Report 2011
CR Monitor Issue: 
2011/1014
Company covered: 
Man Group plc
Period End: 
31 December 2010
Report issued on 28 October 2011 covered the following practice issues:
Inconsistent
No impairment testing disclosure about US$1.4 billion goodwill arising from the GLG acquisition.
Change
Primary financial statements intergrated into notes.

GAM Holding Ltd Period End 31 December 2010

Submitted by YWang on Thu, 2011-05-05 06:32
GAM Holding Ltd Annual Report 2010
CR Monitor Issue: 
2011/0503
Company covered: 
GAM Holding Ltd
Period End: 
31 December 2010
Report issued on 05 May 2011 covered the following practice issues:
Change
Balance sheet format changed to current and non-current distinction.
Change
Income statement line items rearranged and eps disclosure now presented in income statement.
Change
Cash flow from available-for-sale financial assets reclassified as from investing activities.
Change
Accrued income and receivables now included within maximum exposure to credit risk.
Restatement
Several prior year items including share-based payments to key management personnel restated but without any explanation.
Change
Impairment of associate reduces profit by 76.8%.

Hargreaves Lansdown plc Period End 30 June 2010

Submitted by Alisdair on Tue, 2010-11-30 13:57
Hargreaves Lansdown plc Annual Report 2010
Unusual presentation of cash and cash equivalents in fair value information
UK investment manager Hargreaves Lansdown unusually includes £72 million cash and cash equivalents in its table disaggregating financial instruments measured at fair value, in a presentation that differs from most other companies.

BlueBay Asset Management plc Period End 30 June 2010

Submitted by YWang on Mon, 2010-10-25 09:34
BlueBay Asset Management plc Annual Report 2010
Comprehensive disclosure about post balance sheet change in tax rate
UK investment manager BlueBay Asset Management indicates the impact of a 1% reduction in corporation tax rate, which was substantially enacted after its balance sheet date, not only on deferred tax balances but also on the income statement and equity.

Ashmore Group plc Period End 30 June 2010

Submitted by Company Reporting on Wed, 2010-10-20 11:38
Ashmore Group plc Annual Report 2010
Share of associate’s net assets lower than carrying value but impairment not recognised
UK investment manager Ashmore shows its share of an associate’s net assets as £0.6 million compared to a carrying value of £2.3 million but does not consider that this difference constitutes an impairment.

Man Group plc Period End 31 March 2010

Submitted by YWang on Tue, 2010-08-24 09:42
Man Group plc – 2010
Cosmetic changes made to aid “an understanding of the key drivers of the financial position”
UK financial company Man changes the presentation of the notes to its financial statements to reflect their order of significance and to assist an understanding of the key drivers of its financial position.